Asia M&A seen cementing rebound as techs, conglomerates step up restructuring

By Kane Wu

HONG KONG (Reuters) – Asia-Pacific mergers and acquisitions are forecast by bankers to remain buoyant after surging 63% in the third quarter, driven by technology companies and conglomerates making strategic moves as they emerge from the pandemic.

Japanese companies are at the forefront of the M&A boom, as shown by SoftBank Group’s <9984.T> $40 billion sale announcement of chip maker ARM to Nvidia <NVDA.O> and Nippon Telegraph and Telephone Corp’s (NTT) <9432.T> launch this week of a $40 billion buyout of its wireless carrier business.

Deals involving Asia companies totalled $432 billion in the July-September quarter, the highest for the period in at least the past decade, according to Refinitiv data. They totalled

$844 billion in the first nine months of the year, up 13% and compared to a 20% decrease globally for the period.

A strong outlook for M&A in Asia, with big markets such as

Read More